Skip to Content

Why Every Renter Needs Renter’s Insurance

Young woman and tenant applying for renters insurance online.If you rent, you need renter’s insurance. Many Lake Nona landlords and property managers require you to show proof of renter’s insurance before you move in. Even if they don’t require it, you should still get renter’s insurance for yourself.

It might seem like an extra expense, but renter’s insurance is affordable and offers peace of mind in case something happens to your belongings. Obtaining renter’s insurance is simple. You can contact an insurance agent or go online to compare various policies. Here are five reasons why each renter should have renter’s insurance.

Your landlord’s insurance doesn’t cover your belongings in the event of a power outage, fire, flood, theft, or other disasters.

Your landlord’s insurance likely covers the property but not your personal belongings. If a fire or flood damages your apartment, you’ll have to replace items not covered by renter’s insurance.

Renter’s insurance is relatively cheap and can be customized to fit your needs.

For under $20 per month, you can secure a basic renter’s insurance policy. If you have high-value items such as jewelry or art, you can add extra coverage for full protection. This affordability secures your finances against any unforeseen events.

You can also personalize your renter’s insurance policy to include liability coverage, protecting you if the property is damaged by you or a guest, or if someone gets injured and sues you. If you have roommates, they will need their own policies, as your renter’s insurance doesn’t cover their belongings.

Each adult living in the rental should have their own renter’s insurance policy.

Most renter’s insurance policies cover temporary living expenses if you have to move out of your apartment due to a disaster.

If a fire or flood makes your apartment uninhabitable, your renter’s insurance will likely cover the cost of a hotel or other temporary living expenses. This can be very helpful if you don’t have the funds to cover these unexpected costs.

Renter’s insurance can aid you in rebuilding your life if something happens to your belongings. If you lose all your belongings in a fire or theft, renter’s insurance can help replace them. This can be incredibly helpful if you don’t have the money to replace everything at once.

Renter’s insurance can help you replace important documents, such as your passport or birth certificate, if lost or destroyed. Losing these items can cause financial setbacks and make them difficult to replace.

Having renter’s insurance gives you peace of mind, knowing you’re covered in an emergency.

No one wants to think about worst-case scenarios, but accidents and natural disasters do occur. And if something happens to your belongings, it’s comforting to know you’re covered. Renter’s insurance provides peace of mind, knowing you’re protected in an emergency.

A great manager is essential for stress-free property ownership for landlords and property owners. At Real Property Management Trusted Hands, we take every property seriously and strive to exceed expectations. Get in touch with us or call 407-794-7468 for excellent services in Lake Nona and the surrounding areas.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details